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Frequent Contributor
LionLaw
Posts: 258
Registered: ‎06-10-2012
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Re: Need some gameplan advice for paying down my debt

That's a great start! That other PSECU account will take some doing, especially with interest accruing, but $800 would make a nice big dent in it!

Starting Score: 617 (EQ 6/10/12)
Current Score (8/28/13): EQ: 691 EX: 706 TU: 700
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Regular Contributor
getmycreditright
Posts: 199
Registered: ‎05-23-2007
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Re: Need some gameplan advice for paying down my debt

Great job, LS! Keep up the good work and do not deviate from the plan! :smileyhappy:

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Starting Score - 575 (4/10)
Current Score - EQ - 750, TU - 752, EX - 728 11/4/12

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09Lexie
Posts: 26,593
Registered: ‎09-13-2012
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Re: Need some gameplan advice for paying down my debt

Mega Contributor
LS2982
Posts: 15,436
Registered: ‎04-09-2011
0

Re: Need some gameplan advice for paying down my debt (Update)


LS2982 wrote:

 

April Update:

 Beginning of Debt:

PSECU 6,200 / 12,000CL APR 9.9%

PSECU LOC 1,226 / 12,000CL APR 10%

Barclays 3,985 / 7,200CL APR 0% (15 months from 9/12)

Chase 600 / 2,300CL APR 0% (15 months from 7/12)

Best Buy 3,178 / 4,000CL APR 0% (deferred 18 mo since 12/12)

GE CareCredit 1,237 / 2,100CL APR 0% (deferred 12 months since 11/12)

Kay Jewelers 1,179 / 2,000CL APR 0% (deferred 12 months from 12/12)

GE Amazon $748 / 6,000CL APR 0% (deferred until 6/13)

 



April Status

PSECU 5,330 / 12,000CL APR 9.9%

 

PSECU LOC 1,430 / 12,000CL APR 10%

(I had PIF the original balance, I had my CU call me about my refi not being able to go through without getting rid of an old lien on my truck from a 2 yr ol loan I was still paying on with 24% APR (CRAZY) I dont know why i didnt do this before but I utilized my LOC to PIF that loan to finish my refi. 10% is better than 24%)

 

Barclays 3,249 / 7,200CL APR 0% (15 months from 9/12)

 

Chase 1,100 / 2,300CL APR 0% (15 months from 7/12)

(This is my everyday card i use until the 0% is over than it will be PIF)

 

Best Buy 2,770 / 4,000CL APR 0% (deferred 18 mo since 12/12)

 

GE CareCredit 1,037 / 2,100CL APR 0% (deferred 12 months since 11/12)

 

Kay Jewelers 1,063 / 2,000CL APR 0% (deferred 12 months from 12/12)

 

GE Amazon $648 / 6,000CL APR 0% (deferred until 6/13)

 

 

I feel like i'm making good progress, its not going to go away overnight. I have it planned by January ill have 85-90% of this gone. I really appreciate everyone taking to time to read because it gives me motivation to stay on it and it prides me to update this thread every month.

 

Thank you all!




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
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Senior Contributor
myjourney
Posts: 26,659
Registered: ‎02-07-2013
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Re: Need some gameplan advice for paying down my debt (Update)

Hats off your making great strides BRAVO

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/13


Moderator Emeritus
webhopper
Posts: 7,225
Registered: ‎09-16-2011
0

Re: Need some gameplan advice for paying down my debt

Dang you're doing great... keep at it!

Smart move on the LOC

Starting Score: 08/29/2011 TU 671 EQ 674
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Mega Contributor
LS2982
Posts: 15,436
Registered: ‎04-09-2011
0

Re: Need some gameplan advice for paying down my debt


webhopper wrote:
Dang you're doing great... keep at it!

Smart move on the LOC

Yea that loan company did me real dirty at the beginning of my rebuild. Very thankful I could axe them.

 

They need to hurry up and update my report on that loan!!




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
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Valued Contributor
FocusedAndDetermined
Posts: 6,441
Registered: ‎01-05-2013
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Re: Need some gameplan advice for paying down my debt


LS2982 wrote:

March Update

 

Starting Balances

PSECU 6,200 / 12,000CL APR 9.9%

PSECU LOC 1,226 / 12,000CL APR 10%

Barclays 3,985 / 7,200CL APR 0% (15 months from 9/12)

Chase 600 / 2,300CL APR 0% (15 months from 7/12)

Best Buy 3,178 / 4,000CL APR 0% (deferred 18 mo since 12/12)

GE CareCredit 1,237 / 2,100CL APR 0% (deferred 12 months since 11/12)

Kay Jewelers 1,179 / 2,000CL APR 0% (deferred 12 months from 12/12)

GE Amazon $748 / 6,000CL APR 0% (deferred until 6/13)

 

Current

PSECU 5,900 / 12,000CL APR 9.9%

PSECU LOC $0 / 12,000CL APR 10%

Barclays 3,493 / 7,200CL APR 0% (15 months from 9/12)

Chase 600 / 2,300CL APR 0% (15 months from 7/12)

Best Buy 2,978 / 4,000CL APR 0% (deferred 18 mo since 12/12)

GE CareCredit 1,237 / 2,100CL APR 0% (deferred 12 months since 11/12)

Kay Jewelers 1,179 / 2,000CL APR 0% (deferred 12 months from 12/12)

GE Amazon $748 / 6,000CL APR 0% (deferred until 6/13)

 

So I only have 1 interest accuing acount to tackle, the others are set on approximate monthly payments. After this month I have it figured I can throw $700-800 at the PSECU account which will take me to the end of the year but it will be PIF (Cant wait)!!!!!!

 

I'm excited to get these balances down and watch my credit and score age and grow!!!


Having that PSECU account off your back will be a good end of the year/holiday present to yourslef.  Nice work!  Keep it going.

Moderator Emeritus
webhopper
Posts: 7,225
Registered: ‎09-16-2011
0

Re: Need some gameplan advice for paying down my debt

Haha I know the feeling.

I BTed 5k worth of student loan debt onto my navy card to take advantage of 0% promotion. It sucks seeing the credit card balance but its cool to see my student loan balance sitting at 14k I will work hard through the year to pay off my navy balance and hopefully pay off the student loan balance next year with my annual bonus.

Next year will be better.
we have effectively cut out spending on non essentials by half. We still do the occassional restaurant meal... but there's only been 4 of those in the last 3 months and one was for my husbands birthday and to celebrate my raise and annual bonus payout

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
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Regular Contributor
SisterGirl
Posts: 227
Registered: ‎11-17-2012
0

Re: Need some gameplan advice for paying down my debt (Update)


LS2982 wrote:

LS2982 wrote:

 

April Update:

 Beginning of Debt:

PSECU 6,200 / 12,000CL APR 9.9%

PSECU LOC 1,226 / 12,000CL APR 10%

Barclays 3,985 / 7,200CL APR 0% (15 months from 9/12)

Chase 600 / 2,300CL APR 0% (15 months from 7/12)

Best Buy 3,178 / 4,000CL APR 0% (deferred 18 mo since 12/12)

GE CareCredit 1,237 / 2,100CL APR 0% (deferred 12 months since 11/12)

Kay Jewelers 1,179 / 2,000CL APR 0% (deferred 12 months from 12/12)

GE Amazon $748 / 6,000CL APR 0% (deferred until 6/13)

 



April Status

PSECU 5,330 / 12,000CL APR 9.9%

 

PSECU LOC 1,430 / 12,000CL APR 10%

(I had PIF the original balance, I had my CU call me about my refi not being able to go through without getting rid of an old lien on my truck from a 2 yr ol loan I was still paying on with 24% APR (CRAZY) I dont know why i didnt do this before but I utilized my LOC to PIF that loan to finish my refi. 10% is better than 24%)

 

Barclays 3,249 / 7,200CL APR 0% (15 months from 9/12)

 

Chase 1,100 / 2,300CL APR 0% (15 months from 7/12)

(This is my everyday card i use until the 0% is over than it will be PIF)

 

Best Buy 2,770 / 4,000CL APR 0% (deferred 18 mo since 12/12)

 

GE CareCredit 1,037 / 2,100CL APR 0% (deferred 12 months since 11/12)

 

Kay Jewelers 1,063 / 2,000CL APR 0% (deferred 12 months from 12/12)

 

GE Amazon $648 / 6,000CL APR 0% (deferred until 6/13)

 

 

I feel like i'm making good progress, its not going to go away overnight. I have it planned by January ill have 85-90% of this gone. I really appreciate everyone taking to time to read because it gives me motivation to stay on it and it prides me to update this thread every month.

 

Thank you all!


Congrats ! Very proud of you.....keep up the greatness !

 

SisterGirl

SisterGirl

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